U.S. Senate Majority Leader Chuck Schumer told other Democrats that his goal is to vote on Biden’s nearly $2 trillion economic package before Christmas, but as the debt ceiling approaches and the Democrats have different plans Opinion, this goal is faced with numerous obstacles to achieve. In a letter to all Senate Democrats, Schumer said, "Given that the House of Representatives has passed the bill, our goal in the Senate is to pass the bill before Christmas and submit it to the President for signature." He said that in the last two and a half weeks before the holiday, congressional priorities include raising or suspending the debt ceiling, the annual national defense bill, and the confirmation of nomination for some senior positions in the Biden administration.

The International Monetary Fund (IMF) stated that as long as the current surge in consumer prices appears to be temporary, the European Central Bank should stick to its ultra-loose monetary policy stance. "Given the baseline expectation that underlying inflation dynamics will remain weak in the medium term, the European Central Bank should ignore temporary inflationary pressures and maintain a highly accommodative monetary policy stance," the Washington-based IMF said in its 2021 Staff Summary Statement "Indicated.

Ben Broadbent, the deputy governor of the Bank of England, broke the policy guidance given by British policymakers in November and refused to say that interest rates will need to be raised in the coming months to control inflation. Broadbent's response to questions after his speech raised more questions about whether the Bank of England is ready to tighten monetary policy. Broadbent pointed out that the omicron variant virus is another accident that needs time to evaluate, and a large part of the current upward pressure on inflation will be "temporary."

Former U.S. Ambassador to China Terry Branstad said at an agricultural conference in Chicago on Monday that the extension and improvement of the U.S.-China trade agreement is "critical." Branstad said that "although it is not perfect," the agreement is beneficial to American farmers. According to the agreement signed in early 2020, China purchased record quantities of US corn, soybeans, pork and beef.

The Bank for International Settlements (BIS) stated that investment activities that occur outside the banking system require a new and extensive set of global regulations to deal with its inherent instability. Claudio Borio, chief economist of BIS, based in Switzerland, said that non-bank financial intermediaries such as asset management agencies, hedge funds and other investment institutions have accounted for about half of global financial assets after their rapid expansion in the past decade. They are still not fully protected against the shrinking liquidity similar to bank runs.

U.S. natural gas continued to plummet, as expectations of warmer weather across the country restrained the demand for fuel for heating in winter. The futures contract for January delivery fell 11% to 3.692 US dollars per million British thermal units, the lowest level since July. The price of natural gas once exceeded $6 in October, and as of 8:26 London time, the price was reported at $3.758.

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